Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.52% | -1.25 | 0.72% |
| Return on Equity (%) | ▼ | -5.14% | -13.62 | 8.48% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.42 | 3.20% |
| Efficiency Ratio (%) | ▼ | 113.29% | +27.57 | 85.72% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -1.33 | $1 |
| Cost of Funds (%) | ▲ | 1.99% | -0.52 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $361 | -75.72 | $437 |
| Gross Loans ($M) | ▼ | $306 | -57.60 | $363 |
| Loan Growth YoY (%) | ▲ | 97.80% | +2.72 | 95.08% |
| Total Deposits ($M) | ▼ | $306 | -68.39 | $375 |
| Shareholders Equity ($M) | ▼ | $38 | -2.12 | $40 |
| Tang. Book Value ($M) | ▼ | $36 | -1.67 | $37 |
| TBV excl. AOCI ($M)** | ▼ | $37 | -1.83 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 97.80% | +2.72 | 95.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.96% | +0.91 | 2.05% |
| Allowance / Loans (%) | — | 2.03% | 0.07% | 1.95% |
| Net Charge-Off Ratio (%) | ▼ | 3.47% | +1.04 | 2.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.61% | +1.72 | 13.89% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▅▆▆█ | Net Interest Margin (%) | 3.25% | 3.25% | 3.22% | 3.20% | 3.44% | 3.52% | 3.51% | 3.63% |
| ▆▆▄█▅▅▅▁ | Return on Assets (%) | 0.36% | 0.38% | 0.09% | 0.72% | 0.19% | 0.18% | 0.19% | -0.52% |
| ▁▁▂▂▄▄▄█ | Efficiency Ratio (%) | 80.2% | 82.6% | 85.6% | 85.7% | 94.7% | 94.9% | 95.0% | 113.3% |
| █▇▇▅▃▂▂▁ | Cost of Funds (%) | 2.99% | 2.83% | 2.78% | 2.51% | 2.29% | 2.20% | 2.20% | 1.99% |
| ▁▄▃▅▃▄██ | NPA / Assets (%) | 1.05% | 1.89% | 1.75% | 2.05% | 1.77% | 1.85% | 2.76% | 2.96% |
| ▁▄▃▅▃▄██ | Net Charge-Off Ratio (%) | 1.26% | 2.26% | 2.07% | 2.43% | 2.05% | 2.15% | 3.36% | 3.47% |
| ▂█▂██▁▄▁ | Tang. Book Value ($M) | $36 | $37 | $36 | $37 | $37 | $36 | $36 | $36 |
| █▇▆▄▃▂▁▁ | Gross Loans ($M) | $443 | $419 | $407 | $363 | $354 | $338 | $322 | $306 |
| █▇▇▅▄▃▃▁ | Total Deposits ($M) | $428 | $411 | $410 | $375 | $357 | $342 | $337 | $306 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |